<\/p>\n
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest in over a month on Wednesday as demand across vessels segments rose.<\/p>\n
<\/p>\n
The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 35 points, or about 1%, at 3,410 points, a peak since June 29.<\/p>\n
<\/p>\n
The capesize index snapped a three-session losing streak to rise 56 points, or 1.3%, to 4,384 points, its highest since Aug. 5.<\/p>\n
<\/p>\n
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose by $459 to $36,354.<\/p>\n
<\/p>\n
Dalian iron ore rose nearly 4% on Wednesday, after five straight sessions of losses, tracking steel futures as China’s output curbs fuelled worries about supply.<\/p>\n
<\/p>\n
The panamax index advanced 40 points, or 1.2%, to its highest since June 23 at 3,516 points.<\/p>\n
<\/p>\n
Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, increased by $358 to $31,640.<\/p>\n
<\/p>\n
Among smaller vessels, the supramax index rose 17 points to 3,049 points, an all-time high.<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
(Reporting by Rahul Paswan in Bengaluru; editing by Vinay Dwivedi)<\/em><\/p>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest in over a month on Wednesday as demand across vessels segments rose. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 35 points, or about 1%, at …<\/p>\n","protected":false},"author":1,"featured_media":27821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[1559,2231,1751,1560,1420,9300],"class_list":["post-27820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-baltic","tag-dry","tag-high","tag-index","tag-jumps","tag-onemonth"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/27820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=27820"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/27820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/27821"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=27820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=27820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=27820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}